Price Action Report: Could Companhia Paranaense de Energia (ADR) Lose Strenght? The Stock Increases A Lot Today

Price Action Report: Could Companhia Paranaense de Energia (ADR) Lose Strenght? The Stock Increases A Lot Today

The stock of Companhia Paranaense de Energia (ADR) (NYSE:ELP) is a huge mover today! About 128,247 shares traded hands. Companhia Paranaense de Energia (ADR) (NYSE:ELP) has risen 42.97% since April 5, 2016 and is uptrending. It has outperformed by 41.02% the S&P500.
The move comes after 7 months positive chart setup for the $2.43 billion company. It was reported on Nov, 7 by Barchart.com. We have $18.39 PT which if reached, will make NYSE:ELP worth $1.53 billion more.

Analysts await Companhia Paranaense de Energia (ADR) (NYSE:ELP) to report earnings on November, 10.

According to Zacks Investment Research, “Companhia Paranaense de Energia is involved in the Utilities Industry. They are a fully integrated electric power company that is involved in the generation, distributionand transmission of electricity.”

More notable recent Companhia Paranaense de Energia (ADR) (NYSE:ELP) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011, also Fool.com with their article: “Long-Term Opportunities in Brazilian Electric Utililites: Should You Buy?” published on February 11, 2014, Investorplace.com published: “9 Electric Utilities Stocks to Buy Now” on September 16, 2016. More interesting news about Companhia Paranaense de Energia (ADR) (NYSE:ELP) were released by: Investorplace.com and their article: “5 Electric Utilities Stocks to Buy Now” published on January 23, 2015 as well as Benzinga.com‘s news article titled: “Mid-Day Market Update: U.S. Stocks Turn Positive; Nortek Shares Surge …” with publication date: July 06, 2016.

ELP Company Profile

Companhia Paranaense de Energia – Copel, incorporated on October 26, 1954, is engaged in the generation, transmission, distribution and sale of electricity primarily in the Brazilian State of Parana. The Firm also provides telecommunications and other services. The Company’s divisions include Power generation and transmission (GET), Power distribution and sales (DIS), Telecommunications (TEL), GAS and Holding Company (HOL). The Company’s GET segment includes the generation of electric energy from hydraulic, wind and thermal projects; the transport and transformation of the power generated by the Company, and the construction, operation and maintenance of all power transmission substations and lines. The Company’s DIS segment includes the distribution and sale of electric energy, the operation and maintenance of the distribution infrastructure, and related services. The Company’s TEL segment includes telecommunications and general communications services. The Company’s GAS segment includes the public service of piped natural gas distribution. The Company’s HOL segment includes participation in other companies.

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